Binance Coin Jumps 30 % In A Week, Surpasses XRP

A lightning rise : BNB surpasses XRP in market cap

BNB, the native crypto of the BNB Chain, has crossed a new threshold by surpassing XRP to become the third largest asset by market capitalization, as the token just reached a new high.

This symbolic shift was supported by a surge in BNB price, which reached $1,326, up nearly 30 % in just seven days. The asset’s capitalization soared to $182 billion, thus eclipsing XRP, and leaving far more modest performances for Bitcoin (+5 %) and Ethereum (+8.4 %) over the same period.

The scale of this progression, $40 billion added in one week, contrasts with the usual pace of the market, including for BNB itself, which had taken more than two months to achieve a similar increase mid-year.

Several concrete factors shine a light on this rise, notably :

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  Growing adoption of BNB in certain regions, led by Kazakhstan, where a government fund supporting BNB has been established ;
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  Significant growth of activity on the BNB Chain, with 60 million monthly active addresses, a record reported by analyst Momin Saqib and highlighted by the official BNB Chain account ;
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  A momentum unique to BNB, which seems to outperform that of the rest of the market, although in a moderate bullish phase ;
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  The perceived resilience of the Binance ecosystem, despite past regulatory upheavals, which could strengthen investor confidence in the short term.

All these elements show a particularly favorable environment for BNB.

Rumors of manipulation

Although the numbers are impressive, they quickly raised suspicions. Many members of the crypto community, notably on Reddit and X (formerly Twitter), have expressed skepticism.

A Reddit user affiliated with the Solana community notably wrote : “BNB is like FTX’s FTT token. I can’t wait for proof of manipulation, it will be glorious.”

On X, analyst DeFiTracer directly accused Binance of “buying back massive amounts of BNB to liquidate short positions,” suggesting a deliberate action to provoke artificial bullish movements.

These accusations have, so far, received no official response from Binance or its founder Changpeng Zhao. Only one message was published by CZ on X : “Keep building on BNB Chain“.

Beyond speculations, this situation raises issues of governance and transparency in the crypto ecosystem. A capitalization based on concentrated volumes can create systemic risks in case of shocks or sudden liquidity withdrawal. While BNB remains technically solid, market perception alone could erode confidence, especially in a climate still marked by the collapse of FTX and distrust towards centralized tokens. BNB’s immediate future will depend as much on Binance’s ability to reassure as on the strength of the BNB Chain ecosystem fundamentals.